Ullico Casualty Group Inc. has increased its fiduciary liability insurance limits from $15 million to $25 million. Limits are available on a primary or excess basis.
Ullico Casualty’s fiduciary program offers a unique policy that combines a “duty to defend” policy form with the insured’s ability to select counsel. Other policy highlights include expanded Health Insurance Portability and Accountability Act coverage for penalties imposed by the Health Information Technology for Economic and Clinical Health Act, the Pension Protection Act including 502(c) liabilities, the recently enacted Patient Protection and Affordability Coverage Act and defense cost protection for trustees facing liability for non-fiduciary duties.
Ullico Casualty offers fiduciary liability through Ullico Labor Protection Group and insured by Hudson.